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Updated: May 5, 2025
The imports of wheat into both the Allied and enemy European countries to supplement the wheat of their own raising came in peace-times from seven countries Russia, Roumania, Australia, the United States, Canada, Argentina, and India. Most of these have now failed as a source of supply. Russia and Roumania were the great wheat-bins of Europe.
Can we substitute cattle-pens and wheat-bins for the strong boxes of the Treasury? Can commerce exist with no common measure of exchange?" "It does indeed look serious," I assented. "Serious! I tell you, it is the deluge!" Thereat he clapped on his hat and hurried across the street to the office of another celebrated banker. His premonitions of disaster turned out to be but too well grounded.
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